November 16, 201213 yr Where is the government intervention? No Twinkies....riots across the nation! Maybe the Mayans were right after all! Oh, heck that is next month isn't it. I had forgotten. That's the day I'm planning to drive to Florida to spend Christmas with my family.
November 16, 201213 yr The timing of this and the legalization of marijuana in 2 states is just too coincidental. :lol:
November 16, 201213 yr The unemployed bakers can all sign up for government assistance, right? And that money is free, right? Problem solved, right?
November 16, 201213 yr The unemployed bakers can all sign up for government assistance, right? And that money is free, right? Problem solved, right? Except for the people who have worked there all their life that lost their pensions.
November 16, 201213 yr Except for the people who have worked there all their life that lost their pensions. Not if they had personalized cash accounts or were 401K driven. But not sure. Fewer and fewer defined benefits at private companies and the companies that do have them are putting workers at risk since that is a company asset that get eaten up in a lot of bankruptcies. I do believe pensions should be the first in line in a company bankruptcy. But that is usually not the case.
November 16, 201213 yr The worst part is that one union agreed to the terms and the Baker's union rejected the terms. Utter stupidity even though the shutdown seemed inevitable. I couldn't imagine costing 18,500 people their jobs but if their union is ran like most then a large majority of the 18,500 were in favor of the strike. Otherwise they wouldn't have been on strike. They did it to themselves. Where are they going to work now?
November 16, 201213 yr The worst part is that one union agreed to the terms and the Baker's union rejected the terms. Utter stupidity even though the shutdown seemed inevitable. I couldn't imagine costing 18,500 people their jobs but if their union is ran like most then a large majority of the 18,500 were in favor of the strike. Otherwise they wouldn't have been on strike. They did it to themselves. Where are they going to work now? Do those older workers lose their pensions or is something like that protected with a union? (Not 401Ks).
November 16, 201213 yr I'm skeptical. Who is to say that Hostess does not re-emerge as some other corporation with all the same management and ownership im place, shedding the unions in the process?
November 16, 201213 yr Do those older workers lose their pensions? (Not 401Ks). I'm not sure. I have only read one article on it. I guess it depends on what kind of severance package they can negotiate.
November 16, 201213 yr The timing of this and the legalization of marijuana in 2 states is just too coincidental. :lol: Throw in the 12-21-2012 apocalypse right around the corner and it's all starting to make sense.
November 17, 201213 yr I'm generally a union supporter, but this union seriously and stupidly overplayed its hand on this one. Let's hope future situations result in a more reasoned approach from all sides, with true compromise at the center of it all. They obviously didn't learn from the unions in the textile industry. As cheap imports came in, local clothing manufacturers begged for concessions and didn't get them. Not much clothing made in the US anymore.
November 17, 201213 yr Except for the people who have worked there all their life that lost their pensions. I am guessing their pensions are protected by ERISA laws which I believe state that pensions must be funded and those funds must be held by a fiduciary company and the employer cannot use those funds for operations. I think that is how their pensions are protected.
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